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Further discussion: Development Manager Lazan advised of the sequence for execution of the <br />purchase agreement and assignment agreement. <br />Motion carried. Voting Yes: Chairperson McGlone, Commissioners Wise, Ramsey, Backous, <br />Elvig, Strommen, and Tossey. Voting No: None. <br />6. DEVELOPMENT TEAM REPORT <br />Development Manager Lazan reported on the Senior Living option agreement, Sunwood Retail <br />closings, and negotiations on other parcels. He also reported on upcoming meetings related to <br />the Master Declaration. <br />HRA Executive Director announced work on the rail station grand opening and topics of <br />discussions at upcoming meetings. <br />Following a brief discussion, consensus was reached to schedule discussion of PNC approved <br />equity for a future HRA Work Session. <br />6.01 Review COR Dashboard <br />Development Manager Lazan presented the updated COR dashboard based on the HRA's most <br />recent transactions. <br />The HRA discussed public roadway funding and asked staff to prepare a resolution for the use of <br />TIF on the Sunwood Road project, so that option would remain viable. <br />Development Manager Lazan explained that timing of funding will be mapped out in the HRA <br />work plan, which is yet to be completed. The HRA work plan will also address how to repay <br />funds that have been borrowed based on expected revenue. <br />7. COMMISSIONER INPUT <br />None. <br />8. ADJOURNMENT <br />Motion by Commissioner Tossey, seconded by Commissioner Wise, to adjourn the regular <br />meeting of the Housing and Redevelopment Authority. <br />Motion carried. <br />The regular meeting of the Housing and Redevelopment Authority adjourned at 9:44 p.m. <br />Respectfully submitted, <br />Housing and Redevelopment Authority / September 11, 2012 <br />Page 4 of 5 <br />